An increase in autonomous spending is sure to reduce the real money supply when
A) the economy is in the liquidity trap.
B) the IS curve is vertical.
C) the economy is at full employment.
D) velocity is constant.
C
Economics
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The term "market" refers to
A) physical structures only. B) locations where buyers and sellers physically meet. C) any arrangement that enables buyers and sellers to get information and trade with one another. D) trading arrangements that have been approved by the government.
Economics
As national income rises,
A) water problems are eliminated. B) infant mortality falls. C) emissions from fossil fuels decrease. D) depletion of forest reserves increases at an increasing rate.
Economics